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Threadneedle is reducing its GDP growth forecast for 1999 on the basis of a series of profits warnings from a wide range of companies.It says predicting that interest rates will fall rapidly next year.Threadneedle&#39s European portfolios are increasing their exposure to domestic growth stocks and minimising exposure to companies sensitive to global economic activity.

Three quarters of the public say it is important to take out a personal pension because they believe the demise of the universal state pension is inevitable.The research by Swiss Life and the Fabian Society shows that 24 per cent believe that pensions should be compulsory for the employed.The report finds that 31% of employers […]

Exclusive Connections the mortgage network has launched a 100 per cent mortgage fixed at 7.34 per cent until September 12 2003.The Royal Bank of Scotland will fund the product which is available to intermediaries via Exclusion Connections&#39 members.After five years the payable rate returns to The Royal Bank&#39s standard variable mortgage rate.

The Investors Compensation Scheme has announced that customers of nine former investment firms can lodge formal applications for compensation.The ICS is satisfied that the firms are unlikely to be able to meet investment-related claims against them.The firms involved are the Scottish Fiduciary Investment Company, David Mathieson Life, T A Paling Insurance & Claim Consultants, Barwells […]

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more

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Professional indemnity insurance providers have acknowledged that they see DB pension transfers as a high-risk area, as experts continue to express fears over the breadth of coverage for IFAs. While the FCA recently proposed measures to stop PI policies from excluding the Financial Services Compensation Scheme as a claimant and discussed the possibility of a […]

A Government white paper has confirmed The Pensions Regulator will be given stronger powers. The Department for Work and Pensions today published the defined benefit pension schemes white paper paper, which proposes changes to strengthen DB schemes. In recent months, DB schemes at BHS, Carillion and Toys ’R’ Us have made headlines for putting their […]

When a mega-merger like one the size of Standard Life Aberdeen happens, it should not come as a surprise when some staff are not entirely enthusiastic about it. That is why firms like Investec Asset Management have been happy to open the doors to many of those who found themselves in the middle of such […]